NYC-Tobacco Settlement Asset Securitization Corporation Awards Insurance Contract to Aspen Insurance Aspen (September 2024)

The TSASC Board approved Aspen Insurance as a participating insurer in its 2024–2025 D&O liability insurance program, which provides $50 million in coverage with total premiums capped at $400,000. Coverage protects TSASC’s directors, members, and officers against personal liability risks.

Document date · September 26, 2024

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $400,000 annual premium; $50,000,000 of coverage (shared program)

Contract type

INSURANCE

Contract term

June 25, 2024 – June 24, 2025

Renewal date

2025-06-24

Renewal

Coverage participation runs from June 25, 2024 to June 24, 2025; any extension of Aspen’s role would require a future Board-approved renewal.

Document type

AgendaPacket

Source document

TSASC, Inc. AgendaPacket Meeting of the Members, Audit Committee, Governance Committee, and Board of Directors 2024-09-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by NYC-Tobacco Settlement Asset Securitization Corporation?

Aspen Insurance Aspen was awarded this insurance contract by NYC-Tobacco Settlement Asset Securitization Corporation, as recorded on September 26, 2024. The contract value is Not to exceed $400,000 annual premium; $50,000,000 of coverage (shared program).

How much is the Aspen Insurance Aspen contract with NYC-Tobacco Settlement Asset Securitization Corporation worth?

The Aspen Insurance Aspen contract with NYC-Tobacco Settlement Asset Securitization Corporation is valued at Not to exceed $400,000 annual premium; $50,000,000 of coverage (shared program), covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in TSASC, Inc. AgendaPacket Meeting of the Members, Audit Committee, Governance Committee, and Board of Directors 2024-09-26 (AgendaPacket), dated September 26, 2024 from NYC-Tobacco Settlement Asset Securitization Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Aspen Insurance Aspen hold?

Aspen Insurance Aspen may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is NYC-Tobacco Settlement Asset Securitization Corporation currently buying?

Explore NYC-Tobacco Settlement Asset Securitization Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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